Project plans to put hydrogen-fueled RO/RO into operation by 2024 A project that aims to put a RO/RO operating on liquid green hydrogen (LH2) into operation by 2024 has been granted EUR 8 million (about $9.5 million) in EU funding..Called the HySHIP
Marcon International founder Robert Beegle retires Coupeville, Wash., shipbroker Marcon International Inc. reports that its president, Robert Beegle, who founded the company in 1981, retired effective October 1, 2020. Ownership and management of the company have been taken
RTA's Jose Ruiz to speak on New Orleans ferry operations at FERRIES 2020 Rounding out the lineup of expert speakers at Marine Log's free virtual FERRIES 2020 conference on November 9-10 is Jose Ruiz, chief maritime officer for the New Orleans Regional Transit Authority (RTA).
Impacted by pandemic, Wärtsilä expects 2020 sales to take 10% hit Releasing its interim report for the January-September 2020 period, Wärtsilä Corporation says it expects the near-term demand in the marine and energy markets to improve from current levels. However, based on its
Golden Ray salvage: VB-10,000 to arrive in St. Simons Sound next week The Unified Command working on the salvage of the capsized car carrier Golden Ray says that the heavy-lift vessel VB-10,000 is set to arrive in St. Simons Sound as soon as Tuesday,
Emissions progress at IMO is cause for concern The International Maritime Organization's role as the leading vehicle for shipping's decarbonisation trajectory will be under even more scrutiny after...
Lloyd's List launches Decarbonisation Survey in search of carbon clarity The direction of travel for shipping's decarbonation trajectory has been set for some time now, but the devil in the...
The week in charts: Buoyant US container throughput; cargo insurance claims US west coast ports saw an increase in container throughput last month, but there is a growing gap between imports...
No need for alarm as container lines return to the shipyards Several leading containership owners are in talks with Chinese and South Korean yards about newbuilding programmes for vessels of up...
State aid for shipping nears $10bn during pandemic Several shipping sectors have been bailed out with financial support during the health crisis, but with few terms attached, aid...
Eastern Pacific wins ethane carrier deal as US-China trades rise Petroleum feedstock in demand for ethane-to-ethylene plants. Ethane exports have kept the lowest profile in the US shale oil evolution...
Counterparty scrutiny spikes as supply chain risks rise Counterparty risks across the entire supply chain have increased as the liquidity crunch caused by the pandemic presents strong headwinds...
Container freight rates remain near record highs as peak season runs on Golden Week usually marks the end of the container shipping peak season. This year, however, box freight rates on the...
Ocean freight rollovers causing supply chaos for shippers With container vessels full from Asia to the US and Europe, cargo owners and forwarders are struggling to secure slots...
OOCL boosted by surging rates Revenue on the Asia-Europe and transpacific trades saw the biggest improvement among all routes, up 25.5% and 18.4%, respectively. The...
IMO agrees emission-cutting proposal despite reservations The International Maritime Organization's talks this week on a short-term greenhouse gas measure have left some delegates dismayed by what...
Scorpio Bulkers continues fleet-sale programme This is the US-listed company's eighth vessel sale since the end of September as it transitions to the offshore wind...
Get ready for the Lloyd's List Posidonia Week Forum Lloyd's List and the organisers of Posidonia present an engaging digital event featuring leading industry thinkers tackling the most important...
Capesize index falls 26% over the week but market stays optimistic China, which is of course the most important economy for dry bulk demand and especially capesizes, will remain the shinning...
Daily Briefing Free to read: P&I pool claims hit record $300m at halfway mark | Australian state threatens to turn away vessels...
Australia detains Japanese car carrier with overdue crew A number of seafarers on the vessel Metis Leader have been working on board in excess of the 11 months...
NYK buys out LNG shipmanagement unit from Total NYK says the deal is to strengthen its shipmanagement system and expand its LNG business in France. The acquisition has...
South Korea touts world's first large liquefied hydrogen carrier design The Hydrogen Council has projected that this next-generation fuel will command an 18% share of the global energy market by...
Port of Savannah stays ahead of the curve to increase throughput Among efforts to increase capacity at GPA are the Savannah Harbour Expansion Project, now 75% complete and the Mason Mega...
Supply chains will face multiple scenarios for shipping COVID vaccines (with video) The challenges of delivering a coronavirus vaccine to 8 billion people are immense, but over time more logistics companies will be able to participate as...
FreightWaves Flashback: Should neighboring ports actually marry? 1981: Civic pride and more than a little politicking have scuttled - at least temporarily - a controversial proposal to study whether the competing Puget...
House committee slams airline contractors for layoffs after COVID aid Ground handling companies, with the help of Trump administration officials at the Treasury Department, took CARES Act aid designed to keep workers employed and still...
Ag exporters grapple with COVID, trade war, political unknowns (with video) High cost of repositioning reefer equipment is hitting food exporters hard amid ongoing tariff fallout.
Hillebrand expands bulk liquid logistics with Braid acquisition German forwarder says acquisition will expand its global business in handling nonhazardous bulk liquids such as alcoholic beverages and edible oils.
Will we really need 8,000 jumbo jets to transport COVID vaccines? Airline industry experts are just guesstimating when they say 8,000 big freighter planes will be needed to rush COVID vaccines to the public. Until we...
Europe HSFO cracks strengthen further on sour crude woes, despite improving availability The European fuel oil market has seen notable strength in the high sulfur fuel oil cracks in recent weeks, despite previous tightness in the region reportedly easing, and much to the surprise of many market participants.
ARA fuel oil stocks up 22% on week at 1.478 mil mt: Insights Global Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region increased 22% on the week at 1.478 million mt in the week to Oct. 21, showed Insights Global data released Oct. 22.
NWE MGO availability tightens amid minimized refinery production Availability of marine gasoil in Northwest Europe has tightened as oil refineries reduce production rates in the face of a second wave of coronavirus infections.
Green fuels in focus ahead of IMO's 2030 target to cut carbon emissions: conference After a transition to IMO 2020, shipowners and bunker buyers are now facing their next big challenge -- the 2030 target to reduce greenhouse gas emissions, participants said at the Maritime Week Americas 2020 conference organized by Petrospot.
Tight availability of VLSFO bunkers in ARA causes loading delays: sources Availability of very low sulfur fuel oil is tight in the Amsterdam-Rotterdam-Antwerp region, causing loading delays of between two and three days, market sources said.
Norway liquid hydrogen marine power project to receive Eur8 mil in funding **Subject to partners signing grant deal by year-end **Eye on green liquid hydrogen supply chain in Norway
Trafigura buys stake in Italian Saras; access to largest refinery in the Med **Trafigura to "engage" as a shareholder **Saras operates 300,000 b/d Sarroch refinery **Minority stake worth around Eur13 million
EU environment ministers reach partial agreement on climate law: lawmaker **Ministers agree 2030 climate target should be fixed **No position yet on headline 2030 emissions goal **EU Council to discuss issue in Dec
External: Global Risk Management
Conversion starts of Sweden's Lysekil refinery **Redevelopment will reduce GHG emissions by up to 1.7 million mt/year **New plant operations expected to start by 2024
OIL FUTURES: Crude higher on bullish US jobs data **Coronavirus outlook still weighs on demand **US jobless benefits claims fall to pandemic-era low
LR2 oversupply sees owners short loading vessels as competition for cargoes heightens Freight indications for Mediterranean-Japan shipments basis 80,000 mt fell from $1.9 million lump sum on Oct.1 to $1.5 million lump sum on Oct.21.
Dorian LPG sees dual fuel VLGC upgrade costing 3 three times scrubber retrofitting "Ten of our ships are equipped with scrubbers and we have commitments for another two," Young said.
South Korea's Hyundai Heavy, Glovis receive approval to build liquefied hydrogen carrier Under the MOU, Hyundai Glovis will transport hydrogen manufactured at Hyundai Steel's plant at Dangjin to HyNet's hydrogen charging stations in Chungcheong.
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